Re: Another Theory.
in response to
by
posted on
Jul 11, 2012 09:53AM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
They were motivated sellers. The options where take the offer or go belly up.
Look what happened to us all those years ago when Mr. E came along and picked up a large portion of the company. Was management really willing to give away shares for close to nothing. No we needed the cash to survive.